Senator Bernie Sanders Supports Trump Plan to Convert Intel’s $10.9 Billion CHIPS Act Grant Into Government Stake

U.S. Senator Bernie Sanders has expressed support for President Donald Trump's administration plan to convert government grants awarded under the CHIPS Act into equity stakes in semiconductor companies, including Intel. The plan involves turning the $10.9 billion grant allocated to Intel into a government-held ownership stake. Sanders, a liberal senator, had previously advocated for similar measures during the CHIPS Act debate alongside Senator Elizabeth Warren. The proposal has drawn mixed reactions, with some conservative commentators criticizing it as a form of socialism. Intel's stock showed a slight increase in pre-market trading following the announcement.